Pilgrim’s Pride (Nasdaq: PPC), in which JBS USA in Greeley has a controlling interest, offered Tuesday to acquire Hillshire in a deal valued at $6.4 billion. Tyson said in a statement that its deal was valued at $6.8 billion.

Pilgrim’s Pride said in an email statement that it was aware of Tyson’s bid for Hillshire, and was considering its options. A spokesman representing the company said Pilgrim’s Pride would not comment further.

Pilgrim’s Pride said its proposed acquisition of Hillshire would lead to $12.4 billion in combined revenue for the companies. Pilgrim’s Pride said the companies would see greater efficiency through the acquisition as well as significant growth opportunities.